The Industry is expected to reach USD 1.13 billion by 2020 from USD 0.76 billion in 2015, growing at a CAGR of 8.20% during the forecast period 2015-2020.

- Advertising -

According to the report Latin America Insulin Delivery Devices Industry, published by Market Data Forecast,

Insulin maintains sugar levels in the blood and essential for the people suffering from type I diabetes & type II diabetes. The development of insulin delivery devices has been encouraged from the past years.

These devices are used to deliver the insulin doses via parenteral route rather than oral route of administration.

- Advertising -

Insulin delivery devices promote absorption rate of insulin into blood stream from the site of injection to execute immediate pharmacological action of insulin. Some of the majorly used insulin delivery devices such as insulin syringes, insulin pens, insulin pen needles, insulin pumps, and insulin jet injectors.

Increasing obese people, rising focus of manufacturers on emerging Industrys, increasing demand for advanced technologies in diabetes therapy, increasing adoption of people towards quality healthcare, and rising public & private organizations involvement to aware the people about new technologies for diabetes solutions are driving the growth of insulin delivery devices Industry in Latin America. However, low adoption of diabetic care devices (such as insulin delivery devices) and high cost of product manufacturing are restraining the growth of insulin delivery devices Industry in Latin America.

Latin America insulin delivery devices Industry is segmented based on the type and application. Based on type, the Industry is further sub-segmented as insulin syringes, insulin pens, insulin pen needles, insulin pumps, and insulin jet injectors.

Of these, insulin syringes commanded the largest share of Latin America insulin delivery devices Industry in 2015, whereas insulin pens segment is estimated to grow at the highest CAGR during the forecast period 2015-2020. Based on application, the Industry is segmented as type I diabetes and type II diabetes.

News From

Market Data Forecast Category: Market Research Publishers and RetailersCompany profile: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. A few key business areas that we handle with excellence include business process improvement, corporate financing and decision making based on market research, assisting in developing appropriate strategy and providing consultancy based on extens ...

Recommended Market Research Companies

Recommended Market Research

Reports and Datahttps://www.reportsanddata.comCategory: Market Research Publishers and RetailersCompany profile: Team ‘“Reports and Data”’ united for one reason – to deliver accurate, highly dependable and revealing market insight. Proudly independent, our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help you make a smarter business decision.
Group of intellectuals at Reports and Data partner to measure out actionable insights as well as primary and secondary data, thereby lowering risks and augmenting customer del ...